The eurozone will dominate the week ahead, and a rating cut from the European Central Bank is on the cards, says Barclays Wealth equity strategist Henk Potts.
Summary - Policy, not data, has been the focus this last week - A euro 'muddle through' is still feasible, but markets may not agree soon - The attempted US stimulus looks larger and craftier than expected - After the Swiss National Bank's move, there is one fewer safe haven out there Equities - The varying compositions of markets over time makes accurate forecasting difficult - A more sustainable returns profile should lead to more resilient earnings than in the past Fixed Income - German high court ruling pushes back the European Financial Stability Facility timeline - Th...
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